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Question: The AICPA has assembled a Sustainability Task Force that is in the process of developing a Sustainability Assurance Guide due to the increased expectations regarding the reporting of corporate social and environmental performance. For your review, below is the AICPA resource.
Assume you are a member of this taskforce; discuss what types of assertions you would expect your client's management to make regarding socially responsible goals. How do you think stakeholders will rely on the assurances that are provided by practitioners? Discuss some of the challenges that practitioners may face as they offer this service offering to their clients.
Be sure to support your statements with logic and argument, citing any sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers and instructo's posts, as well.
Resource: AICPA (n. d.). Sustainability assurance.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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